Md. Ziaul Haque
Department of business Administration
Primeasia University.
Public finance is a science that deals with the income
and expenditure of public bodied and the government of a
nation. The government of a nation has to perform two
types of functions (a) obligatory function ( Defense,
maintenance of law and order situation (b) Optional
function ( providing various facilities to its citizens such
as infrastructure, health, environment. To meet this
expenditure govt. raise fund from public in the form of
taxes, fees, penalties, sale of goods and services
According to H.L Lutz.” Public deals with the provisions,
custody and disbursement of resources needed for the
conduct of public or governmental functions
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Tax is a contribution exated by the state.
It is a compulsory levy, to be paid by the citizens who are
liable to pay it, imposed by the government
According to P.E Taylor, “Taxes are compulsury payment to
government without expectation of direct return in benefit
to the tax payers”.
According to Dalton, “A tax is a compulsory contribution
imposed by a public authority irrespective of the exact
amount of service rendered to the tax payer in return and
not imposed as penalty for any legal offense”
According to section2(62) of ITO 1984, " Tax means the
income tax payable under this Ordinance and includes any
additional tax, excess profit tax, penalty, interest, fee or
other charges leviable or payable under this Ordinance;“
So we can say taxes are compulsory contribution by the
taxpayers to the government.
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Get medical facilities at lesser cost in public hospital
Our children get education at nominal cost in public schools
and universities
Enjoy the benefit of roads & bridges
Police, fire brigade and many government agencies ensure our
safety and security
Benefit of state run museums, public libraries and academics
Benefit of afforestation program, family planning, relief and
rehabilitation for poor, women and old
Govt. manage natural calamities like flood, river-erosion &
earthquake
Provides an opportunity for rich to contribute to the wellbeing
of poor
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Tax is payment to government by people as it
levied by the government
Payment of tax is non-penal and compulsory
To ensure public interest
To finance the govt. expenditure
Tax is not cost of benefit conferred by the
govt. on the public
It is the prime of source of govt. revenue
Tax is not any fine or penalty
Tax can only be imposed by govt.
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Taxation is a major source of revenue for the
government. It is a way of transferring the resources
from private/non government to government sectors
Revenue Collection: In Bd 80% of total govt revenue
Reduction of Inequalities income and wealth:
Accelerating economic growth: Raises the rates of
investment and savings. Savings must be invested in productive
sector
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Control of consumption.: such as toxic material, more tax
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Protection of local industries: Govt. provide tax incentive
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Economic development: construction of infrastructure,
on luxury goods
for local industries
poverty alleviation programs, social security program etc.
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Income taxpayer: Income tax is payable by ‘every
person’ [section 16(1)].
Income tax rate: Income tax rate is provided by
an ‘Act of Parliament’, which is called the Finance
Act [section 16(1)].
Income tax base: Income tax base is the “total
income” of the taxpayer during the income year
[section 16(1)].
Timing of income tax base: Income tax base, i.e.,
total income is to be computed for the “income
year” [section 16(1)].
Timing of income tax payment: Income tax is to
be paid in the “assessment year” [section 16(1)].
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Aggregate Income – Exclusions = Gross Income –
Allowable Deductions = Taxable Income [Total
Income as defined under ITO]
× Tax Rate = Gross Tax – Tax Credit on
investment allowance
= Net Tax – Tax Rebate & Tax Relief = Tax Payable
–
Tax deducted at sources (TDS) & Advance income
tax (AIT)
=Tax Payable at the time of submitting return
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Canon of taxation of taxation refers to the administrative
aspect of tax. They relate to the rate, amount and method
of levy and collection of a tax.Adam smith has given four
canon
Canon of equality: Burden of taxation must be shared equally.
means rich bear more tax and poor will less tax
Canon of certainty: Tax should be certain and not
arbitrary
Canon economy: take out and to keep out of pockets of
the people as little as possible, over and above what
brings into the public treasury.
Canon of convenience: that must be convenient fro the
contributor to pay
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Canon of productivity: must adequately cover
govt.expenditure
Canon of simplicity: tax rate, tax system ought to
simple, plain and intelligibele to the common
understanding
Cannon of elasticity: tax system should be flexible so
that the autority can change the system conveinently
Canon of diversity: should not be based on single tax
or few tax. should be mixture of direct and indirect
tax
Canon of Functional efficiency: so that it can generate
sufficient revenue an be able to to reduce harassment
and tax avoidance
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Classification on the basis of number of taxes: a.Single
tax b.Multiple tax
Classification on the basis of impact and incidence of
taxes: a. Direct tax e.g incometax.land revenue tax
b.Indirect tax e.g VAT,Customs duty
Classification on the basis of structure of taxe rate:
a.Propotional tax: whatever the size of income the rates
of taxation remains constant.
b.progrsive tax: the rate or taxation increases as the
taxable income increases.It is more equitable
.c.Regressive tax : burden falls more on poor than rich.
d.DegressiveTaxes ; which is midly progressive so that
high income does not sacrifice more
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Classification on the basis of subject matter of taxes:
a.Personal tax e.g Income tax b.In Rem tax: levied on some
activities or objects e.g sales tax,wealth tax
Classification on the basis of elasticcity of taxes:
a.Elastic tax (rate changes more than tax base changes)
b.inelastic tax (rate changes less than tax base changes)
Classification on the basis of taxe base:
a.Income tax b.Wealth tax c.Value added tax c.Expenditure
tax
Classification according to changes of government revenue:
a.Positive tax b.Negative tax
Classification according to taxing authority:
a.Central tax e.g Income tax,wealth tax b.Local tax e.g.
Union parshad tax,city corporation tax,municipal tax
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Burden cannot be shifted but burden can
be shifted
D.T imposed on income but I.T imposed
on goods and personal services
D.T generally in progressive nature but
IT can not be made progressive.
D.T generally elastic but I.T is inelastic
Since the burden is not shifted so It has
adverse effect on taxpayers willingness
to work and save but I.T has no adverse
effect
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should be levied on the basis of fundamental principles of
taxation
Should be equitable, convenient to pay, economical, certain,
productive and elastic
should be balanced containing both direct and indirect
nature of taxes
tax authority should be supported by sufficient simple laws
and rules
should have positive effect on both production and
distribution without any adverse effect
Productive resources of the economy are optimally allocated
and utilized.
A good tax system has least collection cost
No scope for the evasion of tax by the tax payer
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Multiple tax system:
a. taxes on income and profit: i. Income tax-company ii Income
tax other than company
b. Taxes on property & capital transfer: 1.Estate duty 2.Gift tax
3.Narcotics duty 4.Land revenue 5.Stamp duty-non judicial
6.Registration
c. Taxes on good and services: 1.Custom duties 2.Excise
duties 3.VAT 4.Supplementary duty on luxury item 5.Taxes on
vehicle 6.electricity duty 7. other tax( travel tax, turnover tax)
Inadequate and stagnant revenue yield relative to GDP:
High ratio of indirect to direct tax revenue
Dominance of VAT and import duty;
Tax avoidance behavior
Narrow tax base
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Income tax is the tax which is levied on the taxable
income of a person or entity as per provision of the
income tax ordinance 1984
Where an Act of Parliament provides that income tax
shall be charged for any assessment year at any rate
or rates, income tax at that rate or those rates shall,
subject to the provisions of that Act, be charged,
levied, paid and collected in accordance with the
provisions of this Ordinance in respect of the total
income of the income year or income years, as the
case may be, of every person
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Tax holiday Scheme:
Investment allowance:
Accelerated depreciation allowance:
Tax incentives or small & cottage industry:
Tax incentives for encouraging savings:
Tax exemption on certain expenditure:
Tax incentives for foreign investors
Allowance for Scientific research
Tax incentive for remittance in Bangladesh
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Income Tax Manual, Part I: Income Tax Ordinance
1984
Income Tax Manual, Part II: Income Tax Rules 1984
Annual Finance Act to amend the Income Tax
Ordinance 1984
Statutory Rule and Order (S.R.O.) to make
amendments to Income Tax Rules 1984 and to
issue various statutory general or special orders
made by the Direct Tax Wing of the NBR (National
Board of Revenue), the apex tax authority
Other general or special orders and circulars made
or explanations given by the Direct Tax Wing of
the NBR
Verdicts of court cases on income tax issues.
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"income year", in respect of any separate source of income, means(a) the financial year immediately preceding the assessment year; or
(b) where the accounts of the assesses have been made up to a date
within the said financial year and the assesses so opts, the 12 months
ending on such date.e.g Assesse accounting year ends 31st march
2011 then income year will be 1st April 2010 to march 2011 ( IY 2010
-2011 & 2011-2012)
(c) in the case of a business or profession newly set up in the said
financial year, the period beginning with the date of the setting up of
the business or profession and (i) ending with the said financial year; if the business set up is 1st
October 2010 then income year will be 1st October to June 2011 ( IY
2010 -2011 & Fy 2011-2012).or
(ii) where the accounts of the assesses have been made up to a date
within the said financial year and the assesses so opts, ending on that
date If the assesse set up business 1st october 2010 and end 31st
march then income year 1st october 2010 to 31st march 2011 (IY
2010-2011& 2011-2012) or
(d) in the case of a business or profession newly set up in the 12
months immediately preceding the said financial year
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Income year is the year used to determine the taxbase of income tax (for separate source of income).
Following are the provisions:
Normally this is the financial year (1 July of one
year to 30 June of next year).
Income year may be any year (not exceeding 12
months) as opted by the assessee.
For a newly set up business, this may less than 12
months for the first year of business.
Income year may be prescribed for any person or a
class of persons.
For “share of income from a partnership firm”,
firm’s income year is applicable.
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Income year is financial year which is used to determine
the tax base of income tax
It may be any year(not exceeding 12 months) as desired
by assessee
If the financial year of assess ends within 30th June ,the
said financial year will be his income year and the
subsequent year will be assessment year.
If the financial year ends after 30th June his income year
will be the next financial year and assessment year will
be subsequent year of the income year.
In case of a newly setup business duration of first year
may be less than 12 months.
For share of income from partnership firm, firms income
year is applicable
Firm Income
year ended on
Financial year in Income year for
which last date
Tax purpose
of income year
falls
Assessment
year
30-06-2004
2003-2004
2003-2004
2004-2005
31-12-2004
2004-2005
2004-2005
2005-2006
13-04-2004
2003-2004
2003-2004
2004-2005
31-11-2004
2004-2005
2004-2005
2005-2006
26-04-2002
2001-2002
2001-2002
2002-2003
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Computation of total Income: Assesse has
to pay only on income earned in come year
not in previous year or subsequent year.
Investment Allowance: Investment
Allowance is allowed only on amount
invested in income year
Residential Status: It is determined on the
basis of his staying in income year not
assessment year
Submisssion of Accounts: Account
submitted on the basis of income year
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Assessment year" means the period of 12 months
commencing on the first day of July every year; and includes
any such period which is deemed, under the provisions of this
Ordinance, to be assessment year in respect of any income for
any period;
Income year and Assessment year is same in
the following Situation:
Income of discontinued Business u/s 89(2)
Person leaving Bangladesh Business. u/s 91(2)(b)
Income of non-resident shipping companies. u/s 102(2)
"Assessee", means a person by whom any tax or other sum of
money is payable under this Ordinance, and includes
 (a) every person in respect of whom any proceeding under this
Ordinance has been taken for the assessment of his income or
the income of any other person in respect of which he is
assessable, or of the amount of refund due to him or to such
other person;
 (b) every person who is required to file a return under section
75, section 89 or section 91;
 (c) every person who desires to be assessed and submits his
return of income under this Ordinance; and
 (d) every person who is deemed to be an assessee, or an
assessee in default, under any provision of this Ordinance;
person" includes an individual, a firm, an association of persons,
a Hindu undivided family, a local authority, a company and
every other artificial juridical person;
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On the basis of Person:
# Individual # Company #Firm #Local
Authority e.g Municipal Corporation,
Cantonment board # Hindu Undivided
family # Artificial Judicial Person e.g
Dhaka university, BRTC # Association of
Person
On the basis of Residential Status
# Resident #Non Resident
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Category
Rules to be Resident
Individual
He is in Bangladesh for 182 days None of the condition
or more year in a income year
fulfilled
Or
For 90days or more income
year and 365 days or more
during 4years immediately
preceding the concerned IY
HUF,AOP& Firm
Company
Control and Management is
situated wholly or partly in
Bangladesh in concerned IY
Rules to be non Resident
Control and Management
is situated wholly
outside Bangladesh in
concerned IY
Control and Management is
Control and Management
situated wholly in Bangladesh in is situated wholly or
concerned IY
partly outside
Bangladesh in concerned
IY
Did Assesse reside in
country 182 days in IY
Did Assesse reside
in country 90 days
or more in IY
Non
Resident
Did Assesse reside in
country 365 days or
more in during 4years
immediate preceding IY
Resident
Is assesse
Bangladeshi Citizen
Non resident
Foreigner
Non resident
Bangladeshi
Particulars of income
Status of
Income
Resident
Non Resident
Income received in BD
Income deemed to be
received in BD
BD income
Taxable
Taxable
BD income
Taxable
Taxable
Income
earned/accrued/arouse in BD
Income deemed to be
earned/accrued/arouse in BD
BD income
Taxable
Taxable
BD income
Taxable
Taxable
Income accrued arouse outside
in BD
Foreign
income
Taxable
Non-Taxable
Type of Income
Resident
Non-Resident
Domestic income
Taxable
Taxable
Foreign income
Taxable
Not Taxable
Chapter
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Sections
1-2
3-10
11-15
16-19
2043
44-47
48-74
75-80
81-94
95-103
104-107
108-110
111
112-122
123-133
134-143
144-145
146-152
153-162
163
164-171
172-184
185-187
Title
Preliminary
Administration
Taxes appellate Tribunal
Charge of income tax
Computation of Income
Exemption & Allowance
Payment of tax before Assessment
Return & Statement
Assessment
Liability in Special case
Special provisions relating to avoidance of tax
Requirement of furnishing certain information
Registration of firms
Powers of income tax authorities
Imposition of penalty
Recovery of Tax
Double Taxation Relief
Refunds
Appeal & Reference
Protection & Information
Offenses and Prosecution
Miscellaneous
Rules & repeal
First Schedule
Part-A
Part-B
Second Schedule
Third Scedule
Fourth Schedule
Fifth Schedule
Part-A
Part-B
Sixth Schedule
Part-A
Part-B
Seventh Schedule
Eighth Schedule
Approved Superannuation Fund
Recognized Provident Fund
Rates of income tax in certain special cases
Computation of Depreciation Allowance
Computation of the Profits and Gains of Insurance Business
Computation of Profits and gains from Exploration and
Production of petroleum and determination of tax thereon
Computation of Profits and gains from Exploration and
Extraction of Mineral deposits in Bangladesh and
determination of ta thereon
Exclusion from total income-Non Assessable income
Exemption and Allowance –Tax Credit income
Double taxation
Deductions/Collections of tax at source
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Determination of Total Income: Resident consider global income
but non resident does not consider other countries in his total
income.
Minimum limit of taxable income: A Resident-non resident has to
pay tax if taxable income more than 2,00,000, but incase of
foreigner such limit is not applicable.
Tax rate: A resident & non resident Bangladeshi tax is calculated
as different slab such as on first 200000 is 0%.But Non resident
foreigner it is maximum rate e.g 25%
Income Tax rebate: A resident & non resident h Bangladeshi gets
income tax rebate .But Non resident foreigner will not get such.
Tax Liability: Tax liability of resident & non resident Bangladeshi
is less since average rate is applicable. But Non resident foreigner
tax liability is more since maximum rate is applicable.
Other than Company :
 For individuals other than female taxpayers, senior taxpayers of
65 years and above and retarded taxpayers, tax payable for the
 First 2,50,000/- Nil Next 4,00,000/- 10% Next 5,00,000/- 15%
Next 6,00,000/- 20% next 30,00,000/-25% .Rest Amount 30%
 For female taxpayers, senior taxpayers of age 65 years and
above and , tax payable for the
 First 3,00,000/- Next 4,00,000/- 10% Next 5,00,000/- 15%
Next 6,00,000/- 20% next 30,00,000/-25% .Rest Amount 30%
 For retarded taxpayers threshold limit is TK.3,75,000
 Gazetted freedom fighter threshold limit is TK 4,00,000
 Minimum tax for any individual assessee is Dhaka North,south
and Chittagong city corporation Tk. 5,000 , other city
corporation TK 4000 other than city corporation 3000
 Non-resident Individual 25% (other than non-resident
Bangladeshi)
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For Companies
Publicly Traded Company 25%
Non-publicly Traded Company 35%
Bank, Insurance & Financial Company (Except merchant bank)
publicaly traded 40% and non publicaly 42.5%
Merchant bank 37.5%
Cigarette manufacturing company 42.5%
Publicly traded cigarette company 35%
Mobile Phone Operator Company 45%
Publicly traded mobile company 35%
If any publicly traded company declares more than 20% dividend,
tax rate would be 24.75% and if declares less than 10% dividend
tax rate would be 37.5%.
If any non publicly traded company transfers minimum of 20%
shares of its paid-up capital through IPO(Initial Public Offering) it
would get 10% rebate on total tax in the year of transfer.
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National Board of Revenue,
Chief commissioner of taxes
Director General of Inspection (Tax),
Commissioner of Taxes (Appeals),
Commissioner of Taxes (LTU)
Director General (Training),
Director General Central Intelligence Cell (CIC),
Commissioner of Taxes,
Additional Commissioner of Taxes (Appeal/Inspecting),
Joint Commissioner of Taxes(Appeal/Inspecting ),
Deputy Commissioner of Taxes,
Tax recovery officer,
Assistant Commissioner of Taxes,
Extra Assistant Commissioner of Taxes,
Inspectors of Taxes.
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(a) any income, profits or gains, from whatever
source derived, chargeable to tax under any
provision of this Ordinance under any head
specified in section 20;
(b) any loss of such income, profits or gains;
(c) the profits and gains of any business of
insurance carried on by a mutual insurance
association computed in accordance with
paragraph 8 of the Fourth Schedule;
(d) any sum deemed to be income, or any
income accruing or arising or received, or
deemed to accrue or arise or be received in
Bangladesh under any provision of this
Ordinance:
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For the purpose of computation of total income and
charging tax thereon, sources of income can be classified
into 7 categories, which are as follows :
Salaries U/S 21
Interest on securities U/S 22
Income from house property U/S 24
Income from agriculture U/S 26
Income from business or profession U/S 28
Capital gains U/S 31
Income from other sources. U/S 33
Income from spouse or minor child as applicable U/S
43(4)
On the basis of Locality:
 Domestic Income
 Foreign Income
On the basis of Assessment
 Non Assessable income
 Assessable income ; a.Tax free income
e.g income from partnership firm and
income from Association of person if tax
paid b. Tax credit income c. Tax payable
income
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184B of ITO: Every assessee or any person who applies for Taxpayer's Identification Number will be given a tax-payer's
identification number in such manner as may be prescribed.
Provided that Tax-payer's Identification Number may be issued
without any application where any income tax authority has found a
person having taxable income during the year and has failed to
apply before issuance of the said number.
(2) Board may, by general or special order in writing, direct any
person or classes of persons who already hold a Tax-payer's
Identification Number to furnish such information or documents for
the purpose of re-registration and thereafter issue a new Taxpayer's
Identification Number.
184BB of ITO: An assessee having taxpayer's identification number
(TIN) when registered wit h VAT authority and obtained a business
identification number (BIN) shall be given a Unified Taxpayer's
Identification Number (UTIN) in such manner as may be prescribed
by the Board.
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opening a letter of credit for the purpose of import;
submitting an application for the purpose of obtaining an import registration
certificate.
renewal of trade licence in the area of a corporation or of a Paurashava of a
divisional headquarters;
submitting tender documents for the purpose of supply of goods, execution of a
contract or for rendering services;
submitting an application for membership of a club registered under
issuance or renewal of license or enlistment of a surveyor of general insurance
registration for purchase of land, building or an apartment situated within any city
corporation, deed value of which exceeds one lakh taka; provisions of clause (f)
shall not apply in case of registration for purchase of land, building or an apartment
situated within any city corporation, by a non resident Bangladeshi
registration, change of ownership or renewal of fitness of a car, jeep or a microbus
sanction of loan exceeding five lakh taka to a person by a commercial bank or a
leasing company
issue of credit card
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issue of practicing license to a doctor, a chartered accountant, a cost and management
accountant, a lawyer or an income tax practitioner
giving ISD connection to any kind of telephone;
registration of a company under ক োম্পোনী আইন, ১৯৯৪ (১৯৯৪ সননর ১৮ নং আইন) in
respect of sponsor directors
submission of application for a license as a Nikah Registrar under the Muslim Marriages
and Divorces (Registration) Act. 1974 (LII of 1974);
applying for or renewal of membership of any trade body
submitting a plan for construction of house property for the purpose of obtaining
approval from Rajdhani Unnyan Kartipakkha (Rajuk), Chittagong Development Authority
(CDA), Khulna Development Authority (KDA) and Rajshahi Development Authority
(RDA);
issuance of drug license ;[Subs. F.A. 2010]
applying for connection of gas for commercial purpose in a city corporation,
paurashava or cantonment board;[F.A. 2010]
applying for connection of electricity for commercial purpose in a city corporation,
paurashava or cantonment board;[F.A. 2010]
registration, change of ownership or renewal of fitness of a bus, truck, prime mover,
lorry etc., plying for hire.[F.A. 2010]
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Income from property held under trust.
Any income derived from operation of micro credit by a non-government
organisation registered with NGO Affairs Bureau.
Any income of a religious or charitable institution derived from voluntary
contributions and applicable solely to religious or charitable purposes:
The income of a local government.
Any income accruing to, or derived by, a provident fund to which the
Provident Fund Act, 1925 (XIX of 1925), applies.
Any income accruing to, or derived by, workers participation fund
established under the Companies Profits (Workers Participation) Act, 1968
(XII of 1968), subject to any such conditions and limits as may be
prescribed.
Any special allowance, benefits or perquisite specifically granted to meet
expenses wholly and necessarily incurred in the performance of the duties
of an office or employment of profit
Any income received by the trustees on behalf of a recognised provident
fund, an approved superannuation fund and an approved gratuity fund.
Any pension due to, or received by, an assessee.
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Any income received(a) by any ambassador, high commissioner, envoy, minister, charge d'affairs,
commissioner, counsellor, consul de carriere, secretary, adviser or attache of an
embassy, high commission, legation or commission of a foreign State, as
remuneration from such State for service in such capacity;
(b) by a trade commissioner or other official representative in Bangladesh of a foreign
State (not holding office as such in an honorary capacity) as his official salary, if the
official salary of the corresponding officials, if any, of the Government, resident for
similar purposes in the country concerned, enjoy a similar exemption in that country;
(c) by a member of the staff of any of the officials referred to in clauses (a) and (b), as
his official salary, when such member is not a citizen of Bangladesh and is either a
subject of the country represented or a subject of some other foreign State and is not
engaged in any business or profession or employment in Bangladesh otherwise than
as a member of such staff, and the country represented has made corresponding
provisions for similar exemptions
income from newly constructed house
Share or capital gain of a partner of a firm
Income of a member of hindu undivided family
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Gratuity received
Any payment received from provident fund,superannuation fund and workers
participation fund on which law is appliacble
Income from dividend of a mutual fund or a unit fund up to taka twenty five thousand
Any interest classifiable under the head "Interest on securities" receivable by an
assessee on any security of the Government, which is issued with the condition that
interest thereon shall not be liable to tax.
Any sum representing interest credited on the accumulated balance of an employee in
a recognised provident fund, in so far as it does not exceed one-third of the salary of
the employee for the year concerned and in so far as it is allowed at a rate not
exceeding such rate as the Board may, by notification in the official Gazette, fix in this
behalf.
Any amount received by an employee of a Government organisation, a local authority,
or an autonomous or semi-autonomous body including the units or enterprises
controlled by it, at the time of his voluntary retirement in accordance with any scheme
approved by the Government in this behalf.
any income of an individual, being an indigenous hillman of any of the hill districts of
Rangamati, Bandarban and Khagrachari, which has been derived solely from economic
activities undertaken within the said hill districts.
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An amount equal to fifty per cent. of the income of an assessee, other than a company
not registered in Bangladesh, derived from the business of export but it shall not apply in
case of an assessee, who is enjoying exemption of tax or reduction in rate of tax by any
notification made under this Ordinace
Any income, not exceeding fifty thousand taka, chargeable under the head "Agricultural
income" of an assessee, being an individual, whose only source of income is agriculture.
Any income derived from the business of software development and Information
Technology Enabled Services (ITES) for the period from the first day of July, 2008 to the
thirtieth day of June, 2015: Information Technology Enabled Services (ITES) meansDigital Content Development and Management, Animation (both 2D and 3D), Geographic
Information Services (GIS), IT Support and Software Maintenance Services, Web Site
Services, Medical Transcription, Business Process Outsourcing, Data entry, Data
Processing, Call Centre, Graphics design(Digital service), Search Engine Optimization, Web
Listing, E-Commerce and On line Shopping, Document Conversion, Imaging and
Archiving
Any income derived from the export of handicrafts for the period from the first day of
July, 2008 to the thirtieth day of June, 2013
Any amount paid by the Government as tax on behalf of a petroleum exploration
company engaged in exploration of petroleum products in Bangladesh under Production
Sharing Contract (PSC) with the Government of Bangladesh.
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Income of any private Agricultural College or private Agricultural University
derived from agricultural educational activities.
Any income derived from any building, not less than five storied having at
least ten flats, constructed at any time between the first day of july, 2008
and the thirtieth day of June, 2013 (both days inclusive), for ten years from
the date of completion of construction of the building:
Income derived from any Small and Medium Enterprise (SME) engaged in
production of any goods and having an annual turnover of not more than
taka twenty four lakh
Any income derived from Zero Coupon Bond received by a person other than
Bank, Insurance or any Financial Institution, subject to the following
conditions: a. that the Zero Coupon Bond is issued by Bank, Insurance or
any Financial Institution with prior approval or Bangladesh Bank and
Securities Exchange Commission. b.that the Zero Coupon Bond is issued by
institution other than Bank, Insurance or any Financial Institution with prior
approval of Securities Exchange Commission.
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any income from poultry farming for the period from the first day of July,
2011 to the 30 june, 2013 subject to the following conditions:
(a) If such income exceeds TK 1,50,000/- an amount less than 10% of the
said income shall be invested in the purchase of bond or securities issued
by the government within six months from the end of the income year;
(b) The person shall file return of his income in accordance with the
provisions of clause (C) of subsection (2) of section 75 of this Ordinance;
and
(C) No such income shall be transferred by way of gift or loan within five
years from the end of the income year
Cinema Hall or Cineplex has been given exemption facility up to 30 June
2015
Dhaka and Chittagong area – for 5 years
Other than Dhaka and Chittagong area – for 7 years
Exemption facilities for production of rice bran oil has been given up to 30
June 2015
Dhaka and Chittagong area – for 5 years
Other than Dhaka and Chittagong area – for 7 years
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An amount equal to fifty percent of the income of an
assessee derived from the production of corn/maize or
sugar beet;
Income of an assessee donated in an income year to any fund
established by or under the provisions of (Trust of Prime
Minister's Education Assistance Act, 2012) ( Act No. 15 of
2012) subject to a maximum of(a) twenty percent (20%) of income of a company or taka
eight crore, whichever is less;
(b) twenty percent (20%) of income of an assessee other
than a company or one crore taka , whichever is less;
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Life insurance premium up to 10% of the face value.
Contribution to Provident Fund to which Provident Fund Act, 1925
applies.
Self contribution and employer's contribution to Recognized Provident
Fund.
Contribution to Supper Annuation Fund.
Contribution up to TK 60,000 to deposit pension scheme sponsored
by any scheduled bank or a financial institution.
Investment in approved debenture or debenture stock, Stocks or
Shares
Contribution to Benevolent Fund and Group Insurance premium
Contribution to Zakat Fund
Donation to charitable hospital approved by National Board of Revenue
Donation to philanthropic or educational institution approved by the
Government
Donation to socioeconomic or cultural development institution
established in Bangladesh by Aga Khan Development Network
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Donation to ICDDRB,
Donation to philanthropic institution-CRP, Savar, Dhaka
Donation up to five lac to (1) Shishu Swasthya Foundation Hospital
Mirpur, Shishu Hospital, Jessore and Hospital for Sick Children,
Sathkhira run by shishu swasthya Foundation, Dhaka. (2) Diganta
Memorial cancer Hospital, Dhaka, (3) The ENT and Head-Neck cancer
Foundation of Bangladesh, Dhaka and (4) Jatiya Prtibandhi Unnayan
Foundation, Mirpur, Dhaka;
Donation to Asiatic society of Bangladesh
Donation to Muktijudha Jadughar
Donation to National level institution set up in memory of liberation
war;
Donation to National level institution set up in memory of Father of the
Nation
Any investment by an individual in Bangladesh Government Treasury
Bond;
Investment in purchase of one computer or one laptop by an individual
assessee.